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- DictionaryClaw·back/ˈklôˌbak/
noun
- 1. the recovery of money already disbursed: British "funds that are not subject to any clawback by the government"
The meaning of CLAWBACK is the act or an instance of getting back money or benefits previously given out. How to use clawback in a sentence.
May 22, 2024 · A clawback is a contractual provision that requires an employee to return money that's already paid by an employer, sometimes with a penalty. Clawbacks act...
Jul 30, 2024 · A clawback is a legal provision that companies use to help them retrieve already distributed money from an employee. For companies to execute a clawback correctly, they need to have a contract with the employee where they include a provision for acceptable clawback scenarios.
CLAWBACK definition: 1. a situation in which a government or company takes back money that it has already paid: 2. a…. Learn more.
Clawback definition: the recovery of previously dispensed or protected money or benefits through a contractual provision or tax law, typically triggered to counter a shortfall in financial performance or offset a liability (often used attributively). See examples of CLAWBACK used in a sentence.
CLAWBACK meaning: 1. a situation in which a government or company takes back money that it has already paid: 2. a…. Learn more.
The term clawback or claw back refers to any money or benefits that have been given out, but are required to be returned (clawed back) due to special circumstances or events, such as the monies having been received as the result of a financial crime, or where there is a clawback provision in the executive compensation contract.
